To Be Financed or Not : The Role of Patents for Venture Capital Financing

By Carolin Haeussler, Dietmar Harhoff, Elisabeth F. Mueller. 2009

184 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/f74d26f2c989ab43d9936b38cda1fe09cb122cb9

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In Management of Technology and Innovation

Citations in the corpus

Trademarks and Venture Capital Valuation (2014, unknown): “are more likely to receive VC funds (Audretsch et al., 2012; Cao and Hsu, 2011; Engel and Keilbach, 2007; Haeussler et al., 2009) and be valued more highly by VCs (Baum and Silverman,”
Show Me the Right Stuff: Signals for High Tech Startups (2013, background): “…the emphasis has been on the value added that venture capitalists provide in terms of selecting better quality startups in addition to their role in providing funds, advice, and contacts (Sahlman, 1990; Stuart et al., 1999; Hellmann and Puri, 2002; Hsu, 2004; Bottazzi, Da Rin and Hellmann, 2008).”
Quality Signals? The Role of Patents, Alliances, and Team Experience in Venture Capital Financing (2015, unknown): “Indeed, patents and research alliances have been argued to serve, in particular, as signals of the quality of the venture’s technology (Audretsch et al., 2012; Baum and Silverman, 2004; Cao and Hsu, 2011; Conti et al., 2013; Häussler et al., 2012; Hoenen et al., 2014; Hsu and Ziedonis, 2013; Long, 2”
Patent Management in Entrepreneurial SMEs: A Literature Review and an Empirical Study of Innovation Appropriation, Patent Propensity, and Motives (2013, unknown): “, 2009), and on the other hand shown that SMEs can use patents as a value signal to banks and investors (Lemley, 2000; Hsu and Ziedonis, 2008; Haeussler et al., 2009; Rassenfosse, 2012).”
Patent Thickets, Licensing and Innovative Performance (2010, background): “Haussler, Harhoff, Muller (2008) and Cockburn and MacGarvie (2007) show that the number of patent applications held by a private firm speeds up the rate at which the firm obtains VC financing.”
The paradox of openness: Appropriability, external search and collaboration (2014, background): “Haeussler et al. (2009) argue and corroborate empirically that investors re faced with considerable uncertainty and therefore rely on patents as signals hen trying to assess the prospects of potential portfolio companies.”
How SMEs exploit their intellectual property assets: evidence from survey data (2011, unknown): “For instance, Haeussler et al. (2009) show that VC financing of biotechnology start-ups occurs earlier in the presence of patent applications.”
Resources as dual sources of advantage: Implications for valuing entrepreneurial‐firm patents (2013, methodology): “By reducing informational imperfections in factor input markets, patents also may serve a signaling function (Haeussler, Harhoff, and Mueller, 2009; Long, 2002) and improve access or terms of trade in this earlier competitive arena.”
Venture capital investments and the technological performance of portfolio firms (2016, unknown): “From this perspective, patents can function as signals to investors about firm quality (Baum and Silverman, 2004; Mann and Sager, 2007; Häussler et al., 2012; Audretsch et al., 2012; Conti et al., 2013a,b; Hsu and Ziedonis, 2013).”